Current Setup:
We’re still under pressure post-structure break, but price is hovering above the previous ATH zone — a key high-range level that defines what comes next.
Why this zone matters:
If it holds — we’re looking at a potential continuation of the macro bull cycle + altseason ignition.
If it breaks — expect deeper correction and a long grind back up.
Bullish Scenario:
— Break of local downtrend
— Retest + reclaim of lost range
— Formation of a mini-cycle above ATH zone
This opens up the path toward new all-time highs.
Bearish Scenario:
— No bid → price sinks below range
— Lack of accumulation → weakness confirms
— Room for a flush down to $40–50k mid-range zone
️ Triggers to watch:
— Breakout of downtrend on lower timeframes → first signal
— Retest + hold above range → bullish confirmation
— Fakeout below + strong reclaim → also valid if no lower lows follow
Still leaning bullish if key levels hold, but playing strictly by confirmation.
Medium timeframes remain under pressure — so stay sharp.